Jeff Immelt: if you look over the next five or 10 years, the US is definitely going be a big player in gas. There's just no two ways about it but so is Australia. I really think that two countries, given different geographic positions and the vastness of the resources will be more or less, at least for the next decade, very complementary in terms of what they do.
Then, you know, the question in Australia is what can be done in this country to repurpose some of the human resource talent away from just activity round the natural resources, whether it's mining or natural gas, into maybe more engineering or high value added work. I think with the stronger Aussie dollar, manufacturing can exist here but we're going to need to be extremely productive to demonstrate its value.
So for instance, our mining business is headquartered in Australia. We think we can develop high tech mining products that can be shipped around the world but our team is going to have to be very innovative and very productive in order to keep that going. I was going to add to that what I also see in Australia is the development of software and analytics around some of the oil and gas applications because you're going to be practitioner.
In other words, you are on the leading edge of some of the most advanced LNG facilities in the world and it is always good to have some of the application resources close to the customer. So I see us using either our location in Perth or another location in the country to drive some of the software and analytics around natural gas that can be done here not just in the US.
Then, you know, the question in Australia is what can be done in this country to repurpose some of the human resource talent away from just activity round the natural resources, whether it's mining or natural gas, into maybe more engineering or high value added work. I think with the stronger Aussie dollar, manufacturing can exist here but we're going to need to be extremely productive to demonstrate its value.
So for instance, our mining business is headquartered in Australia. We think we can develop high tech mining products that can be shipped around the world but our team is going to have to be very innovative and very productive in order to keep that going. I was going to add to that what I also see in Australia is the development of software and analytics around some of the oil and gas applications because you're going to be practitioner.
In other words, you are on the leading edge of some of the most advanced LNG facilities in the world and it is always good to have some of the application resources close to the customer. So I see us using either our location in Perth or another location in the country to drive some of the software and analytics around natural gas that can be done here not just in the US.
